单词 | building and loan association |
释义 | building and loan associationbuilding and loan associationbuilding and loan associationbuilding and loan association:see savings and loan associationsavings and loan association(S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. S&L was founded in 1831. ..... Click the link for more information. . Building and Loan AssociationBuilding and Loan AssociationAn organization that exists to accumulate a fund, composed of subscriptions and savings of its members, to help facilitate the purchase or construction of real estate by such members by lending them the necessary funds. Cross-referencesSavings and Loan Association. |
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